« previous next »

Author Question: What is the difference between market income and money income? Which is more equally distributed? ... (Read 123 times)

geoffrey

  • Hero Member
  • *****
  • Posts: 880
on: Jun 29, 2018
What is the difference between market income and money income? Which is more equally distributed?
 
  What will be an ideal response?

Question 2

In the figure above, with no government involvement and if the colleges are competitive, what is the deadweight loss?
 
  A) 12 billion per year
  B) 6 billion per year
  C) 4 billion per year
  D) zero


Sammyo

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

Market income is the income the household earns in the market for factors of production, for example, the household's labor income. Money income is market income plus money benefits paid by the government to the household. Money income is distributed more equally than market income.

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

The difference between mieosis and mitoses The difference between mieosis and mitoses
The Hanuman langur, a widely distributed Asian colobine. The Hanuman langur, a widely distributed Asian colobine.
Difference between chromosomes, chromatids, and chromatins Difference between chromosomes, chromatids, and chromatins
How Health Interacts with Income How Health Interacts with Income
Difference-Between-Carbohydrates-and-Lipids-infographic Difference-Between-Carbohydrates-and-Lipids-infographic
Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ... Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ...
Video: DNA Sequences - Dideoxy Sequencing

For a complete list of videos, visit our video library